McFauld's C-1 target

In 2011, holes FN-10-25 and 26 drilled to depths of 1,082 metres and 1,086 metres respectively, in the very eastern portion of the C-1 area, passed through the granodiorite and, at depths below 700 m, through significant thicknesses of high-grade chromite with peridotite which appear to overlie a lower dunite horizon.

Hole FN-10-25 intersected over 200 metres of chromite with an estimated average grade of 43.5 per cent Cr2O3, drilling downdip, while hole FN-10-26, drilling across strike, intersected 56.6 m of an interlayered sequence of peridotite and chromite with an estimated grade of 27.6 per cent Cr2O3 followed by 53.2 m of massive chromite with an estimated average grade of 43.7 per cent Cr2O3. This newly discovered chromite horizon, previously reported, has been dubbed the BlackHorse occurrence.

Further drilling (FN-10-27) is planned to recommence on June 2 to confirm the true thickness and strike extent of the chromite horizon toward the surface and along strike to the east.